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Offshore Company in Ras Al Khaimah (RAK) - ChoiceUAE.com


Offshore Company - Ras Al Khaimah

Offshore Company in Ras Al Khaimah (RAK)

Ras Al Khaimah is one of the Persian GulfArab sheikhdoms forming the United Arab Emirates (UAE). Its name means "Top of the Tent". The emirate had a population of 210,063 at the 2005 Census, of which 41.82 percent or 87,848 were Emirati citizens. Latest estimates put the total population at between 250,000 and 300,000. Locals accounted for 97,529 in the population estimate for 2010.

Not being a producer of oil, Ras al-Khaimah has focused


on developing its industrial sector. As of 1920, Ras al-Khaimah was mining iron ore.

Ras al-Khaimah is becoming a new destination on tourist maps. Ras Al Khaimah is an emirate in the North, famous for beautiful landscapes, sand streets, forts, towers, old mosques, houses built from coral, palm trunks and mangroves. Opportunity for both residents and visitors and more new tourism projects are under construction.

An offshore company based in Ras al-Khaimah provides a solid asset protection, mainly for the ones with international business interests. RAK is considered to be one of the most viable options to start an offshore firm here since holding an asset such as intellectual property or real estate investments has reaped huge benefits for almost two decades.

Post establishing itself as a tourism destination of UAE Ras al-Khaimah has established itself as a massive destination for investments in the Gulf region targeting sectors such as Heavy Industries and Manufacturing units.

Curtailed Taxes – Main reason why companies venture in Ras al-Khaimah is the curtailed level of taxation. Having levied minimize fees for offshore companies and relieved corporate setup procedure.

Ras al-Khaimah gives utmost importance to safeguard the legal share and benefits of the overseas investors and companies.

COMPANY INCORPORATION: THE PROCESS
Upon agreement of our proposal/quotation, an engagement agreement will be executed between the two parties, and the documents supplied for the shareholder(s), director(s) and secretary(s) will be verified to prepare the documents. The documents will be signed in the presence of the registrar. After company registration with the relevant jurisdiction, the shareholder(s) and Director(s) can then proceed to obtain a bank account internationally or locally.

The documents of corporate kit include:
1. Memorandum and Articles of Association [original]
2. Certificate of Incorporation
3. Company Stamp
4. Disbursements not including courier fee

 

JAFZA

RAKIA

RAKFTZ

Minimal Number of Directors

2

1

1

Corporate Shareholder

Allowed

Allowed

Allowed

Corporate Director(s)

Not Allowed

Allowed

Allowed

Nature of Shares

Registered

Registered

Registered

Minimum Capital (AED)

1,000.00/-

1,000.00/-

1,000.00/-

Time Scales (upon receipt of full documentation)

4-5 days

2-3 days

2-3 days

Legalization Process of POA & Corporate Documents

Legalization & Super-legalization mandatory

Apostle Sufficient

Apostle Sufficient

Shareholders physical presence

Required

Not Required

Required

Applicable law

UAE

UAE

Any country can be opted for

Own property in UAE

Only purchase Dubai Holdings, Emaar, Nakheel  and Dubai World properties

NA

NA

 



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